This Yahoo article mentions the poor money mangement of former athletes, which is leading them to potential bankruptcy.   It’s sad but true. Worth millions of dollars while they were active in their respective professions, they are losing money within two years of retiring.  It stated that 80% of the players in the NFL and 60% of players in the NBA find themselves in this position – that is simply astounding to me.

How in the world can someone making hundreds of millions of dollars lose it that quickly?  (more…)